The prices in real estate in Umm Suqueim, in the Dubai region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Umm Suqueim has increased during the last 6 months. In January, the average price per sq.feet was AED 1,546. In the following month the price per sq.feet increased considerably to AED 1,817. In the following two months the price per sq.feet has barely changed, going from AED 1,681.5 to AED 1,648 per sq.feet. The price per sq.feet has increased 107 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of AED 1,664.75 to AED 1,779 during May, and June.
Based upon to the price in Umm Suqueim (cities), these have remained the same in the last 6 months. The average price during our first sample month during January, is AED 16,156,238. During February the price went through a considerable rise reaching AED 19,031,238. During the following two months (March, April) the average price had a considerable reduction of 83 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 17,142,843 they are 93 % more affordable than the average price for Umm Suqueim. The properties with the lowest average price have 4 bedrooms, Their price is 73 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 2,706,466.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 1,411 / sq.feet, with an average AED 1,897 / sq.feet price in Umm Suqueim. The properties with the lowest average prices have 4 bedrooms. They are 18 % cheaper than the average followed by properties with 1 bedroom with a price at AED 1,484 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 17,142,843 it is 89 % cheaper than the average price in Umm Suqueim. "Villa" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Apartment". At a price of AED 1,861,681 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of AED 1,307 / sq.feet followed by "Apartment" priced at AED 1,478 / sq.feet. "Apartment" is the cheapest type of property with a AED 1,478 / sq.feet value followed by "Villa" with an average price of AED 1,307 / sq.feet.